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What is the present interest rate on saving bank account by rbi?
RBI does not give savings accounts. It is the banker of banks or the central bank of india. Regular banks in india will offer you savings accounts and the interest rate offered currently is 4% per annum.
Who decides the saving account interest rate in banks in India?
Primarily RBI holds the power in deciding the interest rates along with other banks which are associated with this regulatory body. Up until late 2011, RBI Decided the Interest rates that banks offered on Savings Account. However, recently the RBI Deregulated this policy and gave banks the freedom to set their own interest rates on savings accounts provided they gave a minimum of 4% on them
What is current interest rate on saving account issued by rbi?
In India as of November 2011, the interest rates are 4% or above. banks can essentially set the rate of interest they choose to pay for money held in savings accounts to their customers
What are the instruments used for credit control in rbi?
For controlling the credit flow in the economy, the RBI resorts to -OMOSLR & CRRBank Ratesunder OMO RBI purchases/sells the securities it holds in the open market s per the requirement.under SLR- CRR & BANK RATES, the RBI changes these rates as per the need.
How much money can RBI print in one year?
unlimited is controlled mainly by amount of money RBI wants to be there in market. gold standard is gone. money is printed by taking in account of supply and inflation.
Can you open the RBI current account for company?
RBI Stands for Reserve Bank of India. RBI is the central bank of India and they supervise the banking operations in the country. They do not provide banking accounts to individuals or company's So, the answer to your question is - No, you cannot open a current account for your company at RBI.
Can any one can add his friend's name in his saving account as per RBI guidelines?
Yes. There are no restrictions as to who can be a joint account holder in a savings account in India. As long as the two individuals who wish to operate the account jointly agree to do so, banks do not have any problems in creating a joint account for you. RBI guidelines do not prohibit the same.
What is the present interest rate on saving bank account by rbi?
RBI does not give savings accounts. It is the banker of banks or the central bank of india. Regular banks in india will offer you savings accounts and the interest rate offered currently is 4% per annum.
Who can open an account in RBI?
RBI is the regulator or supervisors of banking operations in India. Individuals cannot have bank accounts with them. Only banks that are authorized to provide banking services in the country are allowed to have accounts with the Reserve Bank
In actionallstars is RBI baseball open?
It open's on July 14
Who decides the saving account interest rate in banks in India?
Primarily RBI holds the power in deciding the interest rates along with other banks which are associated with this regulatory body. Up until late 2011, RBI Decided the Interest rates that banks offered on Savings Account. However, recently the RBI Deregulated this policy and gave banks the freedom to set their own interest rates on savings accounts provided they gave a minimum of 4% on them
When will rbi dispense with dormant account charges in Indian banking scenario?
rbi is yet to think of constituting a committee to find what dormant account maintenance charges are and how it impacts a depositor.
Who carries out open market operation in India?
rbi
What is needed to open a shop of money change linence from RbI?
i want to open a money exchange shop in delhi so to get licence for it from RBI i need permission so what do i require to get this
What is current interest rate on saving account issued by rbi?
In India as of November 2011, the interest rates are 4% or above. banks can essentially set the rate of interest they choose to pay for money held in savings accounts to their customers
What are the instruments used for credit control in rbi?
For controlling the credit flow in the economy, the RBI resorts to -OMOSLR & CRRBank Ratesunder OMO RBI purchases/sells the securities it holds in the open market s per the requirement.under SLR- CRR & BANK RATES, the RBI changes these rates as per the need.
Can you open a account in rbi?
No. The Reserve Bank of India is not a normal bank that offers bank account facilities to customers. It is the central bank of India and it supervises the banking operations of all the banks in the country. They are the banker to all the banks in the country and do not take up customer requests for bank accounts.
